British Telecom forced to delay global on S&P fears

August 25, 2000 12:00 AM

British Telecom's plan to raise up to $10bn through a global dollar bond issue in September was almost derailed last Friday (August 18) when Standard&Poor's (S&P) said it would downgrade the company to BBB+ if it was not satisfied BT was taking enough measures to maintain its credit quality.

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